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HSBC sets aside US$1 billion for first share buy-back since October
The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion
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Enoch YiuPublished: 12:13pm, 4 Aug 2026Updated: 1:44pm, 4 Aug 2026
HSBC – the top lender in Hong Kong – resumed its share repurchase programme for the first time since October on Tuesday, earmarking US$1 billion to buy back shares over the next three months, according to a stock exchange filing.
The bank said in October it had to pause share buy-backs for three quarters to conserve capital for its US$14 billion acquisition of subsidiary Hang Seng Bank. The market had widely expected HSBC to resume repurchases in the July-to-September quarter, with estimates ranging from US$1.5 billion to US$2 billion.
The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, compared with US$6.33 billion a year earlier. This was higher than the US$9.5 billion estimated by 22 analysts in polling conducted by HSBC. Earnings per share stood at 45 US cents.
HSBC would pay a quarterly dividend of 10 US cents per share alongside the buy-back, the same amount declared in the corresponding quarter a year earlier.
Net profit rose 68 per cent to US$7.69 billion, beating a consensus forecast of US$7.28 billion.
HSBC diluted its Bank of Communications stake in the same quarter last year, resulting in a one-off US$2.1 billion loss, which boosted its 2026 growth figures year-on-year.
“HSBC is becoming the stronger bank we set out to build. We are executing our strategic priorities with pace, precision and discipline,” said CEO Georges Elhedery in the stock exchange filing.
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